Appendix III - Form of Exploration Licence

Exploration Licences (EL) may be issued for Crown lands through an established Call for Bids process that is open and transparent. The EL has a maximum term of 9 years. It confers the right to explore for, and the exclusive right to drill and test for petroleum; the exclusive right to develop those portions of the offshore area in order to produce petroleum; and, the exclusive right to obtain a production licence.